2025 Tariffs

Tariff Status

Canada

Update as of 2/3:
— President Trump and Canadian Prime Minister Trudeau have also agreed to mutually pause the 25% tariffs on Canadian and U.S. imports for 30 days

–The pause will allow for bilateral negotiations focused on trade and security measures

Mexico

Update as of 2/3:
— President Trump and Mexican President Sheinbaum have agreed to pause the 25% tariffs on Mexican imports for 30 days

–The pause will allow for bilateral negotiations focused on trade and security measures

China

Update as of 2/3:
— No changes have been announced to the planned 10% tariff increase

— The White House reports an upcoming call between President Trump and Chinese President Xi Jinping will take place in the next few days

— Until further notice, assume the additional 10% tariffs will take effect at 12:01 AM tonight

— We have received additional details from U.S. Customs and Border Protection regarding the implementation and harmonization of the new tariff schedule, as well as details regarding the removal of the $800 de minimis exemption:
> Information on the implementation and harmonization of the tariff schedule can be found HERE
> Information on the de minimis exemption removal can be found HERE

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